[eamon]

Originally Posted by driersheets

some chick told me these protests were like the iranian protests in 09. i laughed in her face.

I was there

[balmain]

Originally Posted by The Ghost of Tom Joad

Why aren't you occupying then, idiot? If you're so worried about all the financial injustices that have been put on you, why aren't you out there stewing up some patchouli for all your misguided brethren? Complaining on a forum that, by in large, doesn't sympathize with your socialist rhetoric isn't going to accomplish anything. But then again, this 'movement' isn't really about accomplishing anything, but more of a modern day Woodstock.

Your right-wing rhetoric and insults will not work...

[balmain]

Not a single CEO from a big Wall Street bank has been arrested since the meltdown of the financial markets... how disgusting.

[Vanity]

Originally Posted by balmain

Being for social justice doesn't mean I fetishize poverty. I can drive a new M3 and still be for justice bro.

All these wall street crooks need their neighborhoods occupied.

Oh No, another Armchair General.

[driersheets]

Originally Posted by balmain

Not a single CEO from a big Wall Street bank has been arrested since the meltdown of the financial markets... how disgusting.

why would they be arrested?

[balmain]

Originally Posted by driersheets

why would they be arrested?

The bankers who brought us this mess freely walked away to their multi million dollar penthouses and mansions, paid for by the money looted through toxic mortgages, trading debacles and derivative madness.

Meanwhile the government does nothing except hand out $1.3 trillion in bailout cash and guarantees.

[Vanity]

Originally Posted by balmain

The bankers who brought us this mess freely walked away to their multi million dollar penthouses and mansions, paid for by the money looted through toxic mortgages, trading debacles and derivative madness.

Meanwhile the government does nothing except hand out $1.3 trillion in bailout cash and guarantees.

I'm sorry, but you don't get the bigger picture here. Those sub-prime mortgages happened because the system had been consistently deregulated since the Republican Reagan administrations (if not further before). The United States was hopped-up on "deregulation" paving the way to free-market enterprise. Alan Greenspan, former Fed Chairman, is largely responsible for the proliferation and implementation of such ideas.

The big bankers were just working in a system that had a lot of opportunities to make money. Everyone who plays the market gets greedy, and this is always pared alongside risk-management. Did the big banks get you into a mortgage you didn't want? Poor you. U.S. is a free country and you have rights to the pursuit of happiness. If you thought you needed a mortgage for that, then you ran to your chains expecting freedom. Sorry there, buddy.

As for the the $1.3 trillion bailout. You obviously don't understand the fundamentals behind how catastrophic things would have gotten if that bailout didn't go through. Then you would've been complaining about why the Federal Reserve DIDN'T bailout the economy. Then you'd be weighing your apples and oranges and saying $5million lost here and there to AIG coporates IS bad, but NOTHING compared to how low the standard of living could've dropped.

P.S. Federal Reserve isn't the government. You don't even understand this, it wouldn't be a surprise most Occupy protesters don't as well.

[The Ghost of Tom Joad]

Originally Posted by balmain

Your right-ring rhetoric and insults will not work...

one ring to rule them all...

Originally Posted by balmain

Being for social justice doesn't mean I fetishize poverty. I can drive a new M3 and still be for justice bro.

All these wall street crooks need their neighborhoods occupied.

then why don't you and your m3 go camp out in an executive's front yard. let me know what that accomplishes except feeding a bail bondsman's family...

which brings me to my next point...how the fuck is camping in a park really 'sticking it to the man'? beating drums, taking drugs, raping other 'occupiers', and sleeping in a park still hasn't affected any change, buddy! and frankly, you sitting here whining on the computer about all that social injustice (aka capitalism) that has provided you with a nice german sports car isn't going to affect any change either!

[NYCGP]

Balmain is a young person who feels guilty for having while others don't. He will begin to get over it when he actually graduates college and doesn't have to listen to teachers complain about people like his parents.

[The Ghost of Tom Joad]

Originally Posted by NYCGP

Balmain is a young person who feels guilty for having while others don't. He will begin to get over it when he actually graduates college and doesn't have to listen to teachers complain about people like his parents.

that's probably the most spot on assessment

[driersheets]

Originally Posted by NYCGP

Balmain is a young person who feels guilty for having while others don't. He will begin to get over it when he actually graduates college and doesn't have to listen to teachers complain about people like his parents.

[BimmerPod]

Originally Posted by balmain

Not a single CEO from a big Wall Street bank has been arrested since the meltdown of the financial markets... how disgusting.

Originally Posted by balmain

The bankers who brought us this mess freely walked away to their multi million dollar penthouses and mansions, paid for by the money looted through toxic mortgages, trading debacles and derivative madness.

Meanwhile the government does nothing except hand out $1.3 trillion in bailout cash and guarantees.

Do you know why those collateralized mortgages became 'toxic'? BC PEOPLE defaulted on their mortgages.

please, go arrest and OCCUPY DC then. Let me know how that turns out for you

By your logic, should we arrest the millions of Americans (many, of which, are Occupiers), who defaulted and foreclosed on their homes? Last I checked, Wall Street CEOs didn't force people to buy homes and take out mortgages they couldn't afford.

[BimmerPod]

Originally Posted by Vanity

I'm sorry, but you don't get the bigger picture here. Those sub-prime mortgages happened because the system had been consistently deregulated since the Republican Reagan administrations (if not further before). The United States was hopped-up on "deregulation" paving the way to free-market enterprise. Alan Greenspan, former Fed Chairman, is largely responsible for the proliferation and implementation of such ideas.

The big bankers were just working in a system that had a lot of opportunities to make money. Everyone who plays the market gets greedy, and this is always pared alongside risk-management. Did the big banks get you into a mortgage you didn't want? Poor you. U.S. is a free country and you have rights to the pursuit of happiness. If you thought you needed a mortgage for that, then you ran to your chains expecting freedom. Sorry there, buddy.

As for the the $1.3 trillion bailout. You obviously don't understand the fundamentals behind how catastrophic things would have gotten if that bailout didn't go through. Then you would've been complaining about why the Federal Reserve DIDN'T bailout the economy. Then you'd be weighing your apples and oranges and saying $5million lost here and there to AIG coporates IS bad, but NOTHING compared to how low the standard of living could've dropped.

P.S. Federal Reserve isn't the government. You don't even understand this, it wouldn't be a surprise most Occupy protesters don't as well.

^Truth


Before it's all said and done, Greenspan's legacy will be tarnished if the history books are written correctly. He openly encouraged America to take advantage of short-term interest rates through ARMs and similar vehicles.

HOWEVER. Not one person in this country was FORCED to take on the burden of more debt than they could handle. Those same people are now outraged that they lost their homes. Outraged at whom? People who saved? People who didn't decide to leverage themselves to the hilt? Not a single drop of pity was given.

[matthewk]

Originally Posted by balmain

Not a single CEO from a big Wall Street bank has been arrested since the meltdown of the financial markets... how disgusting.

Why should they be? The CEO's job is to carry out the will of the board of directors. The board is elected by, and acts upon the desires of the voting shareholders. At the end of the day, the shareholders got exactly what they asked for and when it didn't work out in their favor they cried foul.. Sounds a little like the folks making $35k/yr buying a $500k house with no money down and are mad that they didn't realize their variable interest note would one day vary.

[matthewk]

Originally Posted by NYCGP

Balmain is a young person who feels guilty for having while others don't. He will begin to get over it when he actually graduates college and doesn't have to listen to teachers complain about people like his parents.

yup yup

[Kroy]

Originally Posted by balmain

Not a single CEO from a big Wall Street bank has been arrested since the meltdown of the financial markets... how disgusting.

Which CEOs would you say SHOULD be arrested? You can't be arguing that ALL of them are guilty, are you? That's a very audacious statement to make. And if they're not ALL guilty, why is it fair to punish them all? Do you think it is fair for innocent parties to suffer due to the mistakes of another?

Originally Posted by BimmerPod

Do you know why those collateralized mortgages became 'toxic'? BC PEOPLE defaulted on their mortgages.

please, go arrest and OCCUPY DC then. Let me know how that turns out for you

By your logic, should we arrest the millions of Americans (many, of which, are Occupiers), who defaulted and foreclosed on their homes? Last I checked, Wall Street CEOs didn't force people to buy homes and take out mortgages they couldn't afford.

As much as it was the fault of the system for providing them with loans they could not afford, it is ultimately still the borrower's responsibility to pay back on such loans they signed a contract for. They promised to make payment on their mortgage and didn't. The only reason these people qualified for their loans is because they had so much equity left in their property. No one forced these 'innocent' Americans to refinance and take out giant portions of their equity so they could live outside their means. It was their choice to splurge on that extra family vacation, remodel the house, or buy that shiny new car.

[Litos]

people who default on their mortgages are poor and shouldn't have gotten into a house making $15/hr to begin with.